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Filed Pursuant To 424(B)(3)
File No. 333-24115
YOUR MONEY CAN BEGIN
EARNING THESE HIGH RATES
PROSPECTUS SUPPLEMENT DATED FEBRUARY 10, 1998
INVESTMENT NOTES
Term Rate Annual Yield*
--------- ------ -------------
3 Months 7.15% 7.41%
6 Months 7.50% 7.78%
12 Months 8.75% 9.14%
18 Months 8.85% 9.25%
24 Months 9.00% 9.44%
30 Months 9.10% 9.52%
36 Months 9.25% 9.69%
48 Months 9.50% 9.96%
60 Months 10.35% 10.90%
7 Years 10.50% 11.06%
10 Years 10.60% 11.18%
Minimum for Investment Notes $1,000
NEW MONEY MARKET NOTE
RATE 6.15% - ANNUAL YIELD 6.34%*
For more information, call
1-800-776-4001
American Business
Financial Services, Inc.
BalaPointe Office Centre
111 Presidential Boulevard, Suite 215
Bala Cynwyd, PA 19004
1-800-776-4001
AMERICAN BUSINESS FINANCIAL SERVICES, INC.
IS A NASDAQ LISTED COMPANY (ABFI).
An offer can only be made by the Prospectus dated February 10, 1998,
delivered in conjunction with this Rate Supplement dated April 1, 1998.
See "Risk Factors" for a discussion of certain factors which should be
considered in connection with an Investment in the Notes.
*The Effective Annual Yield assumes all interest reinvested daily at the
stated rate. The rates for the Investment Notes are available through
April 24, 1998.
The interest rate paid on the Money Market Notes is subject to change
from time to time at the Company's sole discretion provided that such rate
shall not be reduced below 4.0% per year. Written notice of any decrease in
rate will be provided to holders of such notes at least 14 days prior to the
effective date of the change. No notice will be provided in connection with
an increase in the interest rate paid on such notes.
